Bosetti, Valentina; Tomberlin, David - 2004
fleets, one of the most pressing fisheries management issues in limited-entry (and other) fisheries around the world. To …-entry fishery. Because exit from limited-entry fisheries may be irreversible, the fisherman has an incentive to maintain the right … to fish (whether by actually fishing or by purchasing an annual license) even when the fishery is not profitable, in the …